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US/Japan Trade Talks Enter Critical Phase

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Top U.S. trade officials are expected to meet with Japanese trade officials this week in Washington, according to a report from The Hill. The two groups are expected to continue dialogue on issues in the Asia-Pacific trade deal. U.S. Trade Representative Michael Froman said last week “we’re now at a critical juncture in this negotiation.” He made those remarks at a Trans-Pacific Partnership event further stating “”we are working hard with Japan to achieve our shared objectives.” Talks have been ongoing for months on agriculture trade barriers.

The United States and Japan are working with 10 other nations, from Chile to New Zealand, to forge the massive deal that represents 40 percent of global growth. More meetings between the trading partners are shaping up for mid-October in Australia, ahead of President Obama’s planned trip through Asia.